Financials JCHX Mining Management Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
57.59 ^CNY	+1.86%		+7.06%	+52.52%

May. 10	JCHX Mining Management Receives 125 Million Yuan Contract for Laos' Kaiyuan Mine	MT
Apr. 25	JCHX Mining Management Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,170	12,627	15,373	22,737	35,564	-	-
Enterprise Value (EV) ¹	7,170	12,627	15,373	22,737	35,564	35,564	35,564
P/E ratio	19.7 x	27.2 x	26.1 x	23.5 x	20 x	15.1 x	12.8 x
Yield	-	0.47%	0.47%	0.53%	0.47%	0.57%	0.63%
Capitalization / Revenue	-	2.8 x	2.87 x	3.07 x	3.51 x	2.87 x	2.48 x
EV / Revenue	-	2.8 x	2.87 x	3.07 x	3.51 x	2.87 x	2.48 x
EV / EBITDA	-	-	13.8 x	12.3 x	11.7 x	9.23 x	7.46 x
EV / FCF	-	79.8 x	-24.1 x	-40.4 x	-39.4 x	57.3 x	19 x
FCF Yield	-	1.25%	-4.15%	-2.47%	-2.54%	1.75%	5.28%
Price to Book	-	2.51 x	2.59 x	3.23 x	4 x	3.22 x	2.68 x
Nbr of stocks (in thousands)	577,289	587,844	600,266	602,135	617,532	-	-
Reference price ²	12.42	21.48	25.61	37.76	57.59	57.59	57.59
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	4,504	5,355	7,399	10,136	12,403	14,320
EBITDA ¹	-	-	1,116	1,845	3,048	3,851	4,766
EBIT ¹	-	604.8	786.6	1,347	2,321	3,095	3,689
Operating Margin	-	13.43%	14.69%	18.2%	22.9%	24.96%	25.76%
Earnings before Tax (EBT) ¹	-	600.3	780.9	1,331	2,317	3,091	3,681
Net income ¹	365.3	471	609.8	1,031	1,753	2,330	2,764
Net margin	-	10.46%	11.39%	13.94%	17.3%	18.79%	19.3%
EPS ²	0.6300	0.7900	0.9800	1.610	2.875	3.822	4.502
Free Cash Flow ¹	-	158.2	-637.9	-562.2	-902	621	1,876
FCF margin	-	3.51%	-11.91%	-7.6%	-8.9%	5.01%	13.1%
FCF Conversion (EBITDA)	-	-	-	-	-	16.12%	39.37%
FCF Conversion (Net income)	-	33.58%	-	-	-	26.65%	67.88%
Dividend per Share ²	-	0.1000	0.1200	0.2000	0.2725	0.3275	0.3650
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	158	-638	-562	-902	621	1,876
ROE (net income / shareholders' equity)	-	9.45%	10.7%	15.4%	20.2%	21.7%	21%
ROA (Net income/ Total Assets)	-	-	6.14%	8.28%	11%	12.3%	13%
Assets ¹	-	-	9,931	12,449	15,936	18,900	21,314
Book Value Per Share ²	-	8.560	9.880	11.70	14.40	17.90	21.50
Cash Flow per Share ²	-	1.160	1.590	1.800	3.240	4.450	6.110
Capex ¹	-	530	1,595	1,647	1,784	1,224	1,604
Capex / Sales	-	11.78%	29.78%	22.26%	17.6%	9.87%	11.2%
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

57.59 CNY

Average target price

61.5 CNY

Spread / Average Target

+6.80%

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